Do you live from trading or are you employed? To get to the 55% personal tax rate, you really have to earn a lot from trading. If you still realize losses, I don't think it will affect you.
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@Pinkafeld I am employed, trading is just a hobby, but brings in a monthly income in the lower/middle 4-digit net range. In addition, the capital from trading has flowed into concrete gold from time to time, so there is also something coming in. I am currently at 48% with my income, so trading is taxed at a low flat rate of 27.5%.
PS: I'm currently on the train to Vienna and I'm already thinking about today's trades😅
PS: I'm currently on the train to Vienna and I'm already thinking about today's trades😅
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•@Pinkafeld Of course, there are always losing trades, but the KEST balance is already in the 5-digit plus😬 range this year
And then there's the additional taxation from the non-tax-simple broker.
But I don't invest more than 5 hours a week in my hobby. I also have a job plus family 😁
And then there's the additional taxation from the non-tax-simple broker.
But I don't invest more than 5 hours a week in my hobby. I also have a job plus family 😁
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•@TomTurboInvest I have a similar situation. The capital from the concrete gold flows into my trading fun. But I trade 1-2 times a month.
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•@Pinkafeld I already make 500+ trades per year, but I'm more of a short-term trader. The majority of my trades are closed between +5 and +10%, but with a high frequency - according to the motto "small cattle also make crap"
It's just easier to make 5-10% very often than to park the capital for a long time and wait until a position reaches 100%.
Congratulations on the concrete gold, it smooths out the portfolio, it doesn't care about Trump, tariffs or other turmoil 😀
It's just easier to make 5-10% very often than to park the capital for a long time and wait until a position reaches 100%.
Congratulations on the concrete gold, it smooths out the portfolio, it doesn't care about Trump, tariffs or other turmoil 😀
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•Which broker do you have?
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@Pinkafeld I've had my main custody account with Easybank since 2007, and for US shares I use Interactive Brokers!
I'm a bit of a chart analyst, and IB is a good choice because it's integrated with TradingView.
Easybank now also has integration with Stock3 for trading, but that's still too weak for chart analysis.
I'm a bit of a chart analyst, and IB is a good choice because it's integrated with TradingView.
Easybank now also has integration with Stock3 for trading, but that's still too weak for chart analysis.
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•@TomTurboInvest Easybank is already very expensive. You haven't tried Trade Republic yet?
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•@Pinkafeld I've been with easybank since 2007 and still have an old contract - it was called Easybroker plus.
I pay no fees for the clearing account and €0.80 per trade.
It always pays to call easybank and ask for a good rate. There are currently also good offers for young people - it's only available up to 27, which is no longer possible for me😅
But a lot of things are free with the Young Investor Depot. Post then something for my kids.
I haven't tried TR yet, with easy I have the advantage that I also have my current account and overnight money, which means I'm always liquid for trading because I can juggle between the accounts in seconds.
That's worth something to me. I've never had any problems in over 20 years, and I also have many trading venues for emergencies, but foreign ones are more expensive, hence IB for US shares
I pay no fees for the clearing account and €0.80 per trade.
It always pays to call easybank and ask for a good rate. There are currently also good offers for young people - it's only available up to 27, which is no longer possible for me😅
But a lot of things are free with the Young Investor Depot. Post then something for my kids.
I haven't tried TR yet, with easy I have the advantage that I also have my current account and overnight money, which means I'm always liquid for trading because I can juggle between the accounts in seconds.
That's worth something to me. I've never had any problems in over 20 years, and I also have many trading venues for emergencies, but foreign ones are more expensive, hence IB for US shares
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•@TomTurboInvest Thanks for the info. Too late for me and I'm too old.
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•@Pinkafeld do you have TR? Until recently, it wasn't tax-simple either. How did you deal with the tax office when filing your income tax return?
Did the tax office simply accept the values in the E1Kv form, or did you have to submit details?
Did the tax office simply accept the values in the E1Kv form, or did you have to submit details?
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